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Post Office saving schemes News

ITR filing 2024

12 Jul 2024

5 Post Office Savings Schemes That Do Not Qualify For Section 80C Tax Benefits

Tax payers who intend to save money on tax rebates must know about THESE 5 Post Office Savings Schemes that don't offer rebate under 80C.

Post Office saving schemes

31 Mar 2023

Govt Raises Interest Rates On Post Office, Other Small Saving Schemes

The new rate for the girl child savings scheme Sukanya Samriddhi has been increased to 8 percent from 7.6 percent.

Post Office saving schemes

30 Dec 2022

Central Govt hikes interest on Post office senior citizen savings scheme, NSC

Govt hikes interest rate on post office savings schemes on Friday. Interest rate on senior citizen savings scheme and Kisan Vikas Patra hikes up to 1.1%. This is the second quarter of an increase in a row in interest rates for some schemes.

Post Office saving schemes

06 Mar 2022

THESE Post Office schemes offering better returns: Check details

Post Office Saving Schemes are higher-yielding investment tools than fixed deposits. While fixed deposits are secured by banks, the interest rate and tax benefits are not as great as Post Office Saving Schemes. The government backs the post office programmes, which provide interest rates ranging from 5.5 percent to 7.6 percent.

Post Office saving schemes

14 Dec 2021

THESE Post office schemes will double your money: Check interest rates

A one-year to three-year Post Office Time Deposit (TD) now pays 5.5 percent interest. Because there is only a 4.0 percent interest rate available, your money will double in 18 years. The current rate of interest on Post Office Recurring Deposits (RD) is 5.8%.

Post Office saving schemes

13 Apr 2021

THESE 9 Post Office Saving Schemes will double your money: Check more details

The 5.5% interest rate is being offered to 1 year to 3 years time deposit (TD) of the post office and if you invest in it, then your money will double in about 13 years. The 5.8 percent interest on the Post Office Recurring Deposit (RD) is being offered, if the money is invested and it will double in about 12 years. The 6.6 percent interest is given on the Post Office Monthly Income Scheme (MIS) if the money is invested and it will double in about 10 years.

Finance Ministry

03 Sep 2014

FinMin sets up panel on unclaimed PPF, small savings deposits

Finance Minister Arun Jaitley has set up a committee under RBI Deputy Governor H R Khan to assess the amount of unclaimed deposit in the popular PPF and Post Office saving schemes, and suggest steps for utilisation of funds for the benefit of senior citizens.

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